Segments (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Consolidating Statement of Income and Total Assets by Segment

Statements of Income and Total assets by segment are presented in the following tables.

Year Ended December 31, 2016	CNA Financial		Diamond Offshore			Boardwalk Pipeline		Loews Hotels			Corporate		Total
(In millions)
Revenues:
Insurance premiums	$	6,924											$	6,924
Net investment income		1,988	$	1							$	146		2,135
Investment gains (losses)		62		(12)										50
Contract drilling revenues				1,525										1,525
Other revenues		410		75		$	1,316	$	667			3		2,471
Total		9,384		1,589			1,316		667			149		13,105
Expenses:
Insurance claims and policyholders’ benefits		5,283												5,283
Amortization of deferred acquisition costs		1,235												1,235
Contract drilling expenses				772										772
Other operating expenses		1,558		1,198			835		621			131		4,343
Interest		167		90			183		24			72		536
Total		8,243		2,060			1,018		645			203		12,169
Income (loss) before income tax		1,141		(471	)		298		22			(54)		936
Income tax (expense) benefit		(279)		111			(61)		(10	)		19		(220)
Net income (loss)		862		(360	)		237		12			(35)		716
Amounts attributable to noncontrolling interests		(88)		174			(148)							(62)
Net income (loss) attributable to Loews Corporation	$	774	$	(186	)	$	89	$	12		$	(35)	$	654
December 31, 2016
(In millions)
Total assets	$	55,207	$	6,371		$	8,706	$	1,498		$	4,812	$	76,594

Year Ended December 31, 2015	CNA Financial		Diamond Offshore			Boardwalk Pipeline		Loews Hotels			Corporate		Total
(In millions)
Revenues:
Insurance premiums	$	6,921											$	6,921
Net investment income		1,840	$	3		$	1				$	22		1,866
Investment losses		(71)												(71)
Contract drilling revenues				2,360										2,360
Other revenues		411		65			1,253	$	604			6		2,339
Total		9,101		2,428			1,254		604			28		13,415
Expenses:
Insurance claims and policyholders’ benefits		5,384												5,384
Amortization of deferred acquisition costs		1,540												1,540
Contract drilling expenses				1,228										1,228
Other operating expenses		1,469		1,508			851		555			116		4,499
Interest		155		94			176		21			74		520
Total		8,548		2,830			1,027		576			190		13,171
Income (loss) before income tax		553		(402	)		227		28			(162)		244
Income tax (expense) benefit		(71)		117			(46)		(16	)		59		43
Net income (loss)		482		(285	)		181		12			(103)		287
Amounts attributable to noncontrolling interests		(49)		129			(107)							(27)
Net income (loss) attributable to Loews Corporation	$	433	$	(156	)	$	74	$	12		$	(103)	$	260
December 31, 2015
(In millions)
Total assets	$	55,025	$	7,154		$	8,365	$	1,416		$	4,046	$	76,006

Year Ended December 31, 2014	CNA Financial		Diamond Offshore			Boardwalk Pipeline		Loews Hotels			Corporate		Total
(In millions)
Revenues:
Insurance premiums	$	7,212											$	7,212
Net investment income		2,067	$	1		$	1				$	94		2,163
Investment gains		54												54
Contract drilling revenues				2,737										2,737
Other revenues		359		87			1,235	$	475			3		2,159
Total		9,692		2,825			1,236		475			97		14,325
Expenses:
Insurance claims and policyholders’ benefits		5,591												5,591
Amortization of deferred acquisition costs		1,317												1,317
Contract drilling expenses				1,524										1,524
Other operating expenses		1,386		725			931		440			103		3,585
Interest		183		62			165		14			74		498
Total		8,477		2,311			1,096		454			177		12,515
Income (loss) before income tax		1,215		514			140		21			(80)		1,810
Income tax (expense) benefit		(322)		(142	)		(11)		(10	)		28		(457)
Income (loss) from continuing operations		893		372			129		11			(52)		1,353
Discontinued operations, net		(197)										(194)		(391)
Net income (loss)		696		372			129		11			(246)		962
Amounts attributable to noncontrolling interests		(71)		(189	)		(111)							(371)
Net income (loss) attributable to Loews Corporation	$	625	$	183		$	18	$	11		$	(246)	$	591